Red hot housing market to push 2022 borrowing to new highs
The housing boom kept lenders busy in 2021 with $1.61 trillion in for purchase loans, surpassing 2005. Mortgage rates are expected to rise in 2022, easing refinances to about $870 billion while purchase lending climbs to a projected $1.74 trillion. Strong demand, rising prices, and tight supply keep 2022 a seller’s market.
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Los Angeles
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MBA
Mike Fratantoni
U.S
S&p
Fratantoni
Federal Reserve
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Greg McBride
Bankrate
ISM
Fed
Mortgage rates edge up to 3.22 percent on 30 year loan
Freddie Mac reports the 30 year mortgage average rose to 3.22 percent this week from 3.11 percent, the highest since May 2020, while the 15 year fixed rate climbed to 2.43 percent from 2.33 percent as inflation and growth push rates higher.
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Biden
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Init
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Fidelity
Fidelity BC Growth
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Metropolitan West
PIMCO
Vanguard
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Wall Street Mix Leads Markets Lower Amid Tech and Health Drop
Stocks fell as technology and health care sectors dragged the S&P 500 and Dow lower. Apple tumbled 1.7 percent while bond yields rose to 1.73 percent. investors priced in a more aggressive Fed and a mixed service sector picture from ISM data.
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Institute For Supply Management
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Digwraca
Apple Inc S
EnsyscBion
At&t Inc
AMD
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Yild
Marathao
Meta PLC
Alibaba
Micront
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Microsoft
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NiSource
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Target
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Zynga
Sweet
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